Browsing: MTN Zakhele

MTN BEE shareholders set to score big

Although black economic empowerment share deals are often complicated in their structure and are at times priced at hefty discounts and have limited liquidity, it appears that investors who have stuck it out in some schemes are

MTN Zakhele plummets on JSE debut

MTN Zakhele shareholders felt the impact of the MTN Nigeria fine scandal on Thursday, with the share taking a 26% hit before it had even begun trading on the JSE. After the kudu horn was blown by board chair Sindi Mabaso-Koyana, MTN Zakhele became the first empowerment

MTN Zakhele listing: what you need to know

MTN has dominated headlines for all the wrong reasons since news of the Nigerian fine hit the headlines last Monday. The company’s share price fell by more than 22% in the week that followed. There has been a lot of criticism directed at management for this mess as it appears to have

MTN Zakhele listing to proceed

MTN said on Tuesday after markets closed that it will proceed with the listing of MTN Zakhele, the telecommunications group’s broad-based black economic empowerment scheme, as planned this

R8,2bn MTN Zakhele to list on the JSE

MTN’s black economic empowerment (BEE) share scheme MTN Zakhele is expected to list on the JSE on 5 November. With a market capitalisation of R8,2bn, MTN Zakhele will be the first BEE empowerment share scheme to list on the JSE’s BEE board from its current over-the-counter

MTN Zakhele set for JSE debut

MTN’s black economic empowerment share scheme, MTN Zakhele, says its imminent listing on the JSE’s BEE board will provide shareholders with regulatory certainty for trading their shares. This is after the Financial Services Board

MTN Zakhele offer R1,2bn oversubscribed

Enormous demand for shares in MTN’s Zakhele black economic empowerment deal has resulted in the offer being oversubscribed. The offer, which closed on 14 October, involves the sale of about R1,6bn worth of shares